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Started By
Message
I could not resist.....FSBO vs. Using a Listing Agent Statistics
Posted on 12/12/11 at 9:40 am
Posted on 12/12/11 at 9:40 am
quote:
The method most used to sell a home has changed in recent years. A higher share of sellers are relying on the expertise of real estate agents and brokers to sell their home, rather than trying other methods.
From 1991 to 2011 the share of home sellers who used a real estate agent or broker to sell their home increased from 77 percent to 87 percent.
Over the same time period, the share of sellers who sold their home as a FSBO (For-Sale-By-Owner) decreased from 19 percent to 10 percent.
Sellers use real estate professionals to help them sell their home in a reasonable timeframe, to market their home to potential buyers, and to price the home competitively.
Source: NAR
2
Posted on 12/12/11 at 10:04 am to Shankopotomus
quote:
Source: NAR
Shank.......
Posted on 12/12/11 at 10:10 am to Shankopotomus
quote:
Source: NAR
I used to closely follow the public pronouncements of Lawrence Yun. Good times.
Posted on 12/12/11 at 10:11 am to I Love Bama
what? are you saying Lawrence Yun likes to "cook the books?"
This post was edited on 12/12/11 at 10:15 am
Posted on 12/12/11 at 10:18 am to Shankopotomus
I don't know about that, but man, he was truly willing to say anything regardless of the evidence. He as about like Baghdad Bob.
Here's a blog that used to only follow him.
LINK
Here's a blog that used to only follow him.
LINK
Posted on 12/12/11 at 10:32 am to Tiger JJ
Well he is a paid lobbiest/economist for the real estate industry so it is his job to dress up the facts and find any morsel of good news out of tracking statistics.
That being said, that blog is Too bad it stopped in 2009....
That being said, that blog is
Too bad it stopped in 2009....Posted on 12/14/11 at 8:37 am to Tiger JJ
BUMP
Jersey, the timing could not have been better. Take a look at this link about NAR having to revise YEARS of home sales statistics. I wonder if your linked blog will fire back up as a result?
Read more: LINK
Jersey, the timing could not have been better. Take a look at this link about NAR having to revise YEARS of home sales statistics. I wonder if your linked blog will fire back up as a result?
quote:
One of the most crucial and closely watched measures of the housing market is the existing home sales number, which is published monthly by the National Association of Realtors (NAR).
This figure, which is revised modestly each month, is about to get the mother of all revisions.
Apparently, the NAR mistakenly included some new homes sales figures and double counted some of the existing home sales figures.
This means that the health of the housing market for the last five years has actually been weaker than we thought.
Read more: LINK
Posted on 12/14/11 at 9:22 am to Shankopotomus
This comes as a surprise to no one who actually cares about such things outside of the NAR and realtors probably.
Posted on 12/14/11 at 9:26 am to kfizzle85
I realize this is localized anecdotal observation but several houses near me in the Highland Road area south of LSU initially went up FSBO.
After a couple of months of not selling they switched to a realtor. At least one of them sold within a few weeks after that.
These are houses in the $750,000+ range.
After a couple of months of not selling they switched to a realtor. At least one of them sold within a few weeks after that.
These are houses in the $750,000+ range.
Posted on 12/14/11 at 10:09 am to LSURussian
LINK
This story is running rampant all over the news...I am very interested to see what the revised numbers look like.
It also begs the question, could this be on purpose as an election year tactic? Maybe?
This story is running rampant all over the news...I am very interested to see what the revised numbers look like.
It also begs the question, could this be on purpose as an election year tactic? Maybe?
Posted on 12/14/11 at 10:10 am to Shankopotomus
quote:
Jersey, the timing could not have been better.
Yes, hilarious!
Posted on 12/14/11 at 10:11 am to Shankopotomus
Is the NAR openly Dem/Republican? I didn't even know that. If so they're firmly past zero credibility and into negative credibility. Honestly though, that's probably been the case for years (for me).
Posted on 12/14/11 at 10:15 am to kfizzle85
no, definitely not. in fact, they make it a point to always support candidates who support the "Realtor Party" which of course means those who fall in line with NAR positions on housing and finance topics
BUT, the timing on this is still a little weird to me. I cannot seem to find where Yun was "called out" or something similar recently which would make NAR have to re-publish stats
BUT, the timing on this is still a little weird to me. I cannot seem to find where Yun was "called out" or something similar recently which would make NAR have to re-publish stats
Posted on 12/14/11 at 10:23 am to Shankopotomus
quote:
I cannot seem to find where Yun was "called out" or something similar recently which would make NAR have to re-publish stats
Frankly, it's surprising to me that someone wasn't on top of this sooner. There's so many wonky blogs now digging around in the data.
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